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6min chapter
The Impact of Sanctions ft. Ed Gresser
The New Liberal Podcast
What's Going to Happen in Europe and the United States?
Russia's place in the world economy overall is quite small. Russia has about one and a half % of world imports. It has about zero point five % of currency flows. And it will be more troublesome for europe than for the unnour states, but not overwhelmingly. We can adjust fairly easily. There're probably a couple of things that are a little bit challenging. But for the united States, this will be a matter of relatively modest adjustments in in a few specific industries.
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